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Dec 5, 2012
12/12
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apple's losing share to google, it doesn't have the right phones in europe, nokia's making a comeback, the mini isn't selling, there's no special dividend, we've got a stock chart that is the -- >> sell, sell, sell, sell! >> excuse me for a moment while i get nauseated. apple went down today because it's a big dollar amount stock and makes a ton of economic sense to ring the register before year-end. why do i always say about apple? own it. shocker. how about citigroup? this company's crushed shareholders for many, many years, but this new management team, you've got to hand it to them for taking tough medicine right before the holidays, firing 11,000 people, shutting down underperforming operations around the globe. no, i don't want to work there, and i feel terrible at the layoffs. i've got a ton of friends over citi, but i would be happy if i was a shareholder. something we're asking of our politicians, they can't do that. but citigroup's management was willing to take the hard medicine for the shareholders. we hear endless negativity about china and europe, but the chinese market
apple's losing share to google, it doesn't have the right phones in europe, nokia's making a comeback, the mini isn't selling, there's no special dividend, we've got a stock chart that is the -- >> sell, sell, sell, sell! >> excuse me for a moment while i get nauseated. apple went down today because it's a big dollar amount stock and makes a ton of economic sense to ring the register before year-end. why do i always say about apple? own it. shocker. how about citigroup? this...
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Dec 6, 2012
12/12
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apple's inexpensive but google is expensive. it is just apple's so many hundreds of billions in market cap that sometimes it is going to fall by its own weight. >> we can bring that back up, please. when i look at apple trading at 1.5 points more in forward pe than microsoft. one of those is mispriced. >> exactly right. that's why i look forward to the panel because it is really ael ael braic. >> do you believe apple is fundamentally undervalued? >> yes, i do. i think one other point that should be made is that apple's cash balance is not only enormous at about almost $130 a share, but it's growing at $40-plus per share per year. so if you -- and this is after paying a dividend and repurchasing shares. if you roll this tape forward, apple is just an enormous pile of cash. that becomes a very, very substantial portion of its market cap. on almost any metric this stock is really inexpensive and its projects are still very, very bright. if you look at its core market which is smartphones, only 42% of all handsets sold globally this
apple's inexpensive but google is expensive. it is just apple's so many hundreds of billions in market cap that sometimes it is going to fall by its own weight. >> we can bring that back up, please. when i look at apple trading at 1.5 points more in forward pe than microsoft. one of those is mispriced. >> exactly right. that's why i look forward to the panel because it is really ael ael braic. >> do you believe apple is fundamentally undervalued? >> yes, i do. i think...
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Dec 5, 2012
12/12
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there's positive things being said about microsoft and google. when you look at alternative operating systems, whether it's microsoft and their own hardware, this to me is the issue and has always been their issue, they're not going to be able to stave off hardware which becomes indistinguishable. and when you get to places where margins are cut razor thin and will do it better than apple, they can do it cheaper. this is the fundamental issue, it's not a technical issue. >> i would disagree on a microsoft side. microsoft reported their original os 8 numbers. they didn't give any of the surface numbers there. i think you're exactly right in terms of android. especially in an emerging market, that's becoming a bigger deal. keep in mind it's getting to some of these numbers for next year, it doesn't require the big apple growth that they've had. in other words, if they can just gain a fractional share and get to where they want to go. let android have a lot of the emerging markets and apple can beat the street numbers for 2013. >> gene, brian kelly.
there's positive things being said about microsoft and google. when you look at alternative operating systems, whether it's microsoft and their own hardware, this to me is the issue and has always been their issue, they're not going to be able to stave off hardware which becomes indistinguishable. and when you get to places where margins are cut razor thin and will do it better than apple, they can do it cheaper. this is the fundamental issue, it's not a technical issue. >> i would...
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Dec 10, 2012
12/12
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what's the trade on google, pete? >> i like google, but i still think when you look at yahoo!, one of this things we talked about recently is, how yahoo! is actually starting to steal back some of that search. who are they stealing it from? they are taking some of it from google. i like this yahoo! story right now. i think you have more upside. >> amen. >> all right. >> we talk about it for awhile now. >> we have. we have. >> jane? >> all right, finally, this john mcafee story is right out of hollywood. we need to start casting the movie. one likely candidate is vladic sheybal who played dr. boogalow. but i found the late, great roy shader, seen as bob fossey in "all that jazz." unfortunately, they are both dead. so, casting remains open. i see on the set one person with facial hair and i think -- if pete had a really, really, really hard weekend, monday morning, he could play john mcafee. >> i had a rough one this weekend, as a matter of fact. boy, that was tough. >> little extra time with tequila mocking bird. >> meggings were too tight? >> no meggings here. >> have you hear
what's the trade on google, pete? >> i like google, but i still think when you look at yahoo!, one of this things we talked about recently is, how yahoo! is actually starting to steal back some of that search. who are they stealing it from? they are taking some of it from google. i like this yahoo! story right now. i think you have more upside. >> amen. >> all right. >> we talk about it for awhile now. >> we have. we have. >> jane? >> all right,...
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Dec 13, 2012
12/12
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it is not going to drive google's earnings, if you -- display ad does drive google's earnings but nothing to do with display ads, sit there and think maybe am, people will buy it, maybe not, but the idea that google is up big and apple is down big just shows you how fanciful this market can be versus the reality. makes no sense. >> google could drive a lot bigger margin if they wanted to, fascinating company, i agree. >> all the thing these give away for free they could possibly monetize u >> kansas city, delivering one gigabyte for $30 a month. so interesting to follow this company, generating enormous amounts of cash flow. >> trade off of that. invest in it, they are investing so much in the future. the idea of a superior map product driving google over 700, starting to climb back where it was after that horribly disappointing quarter? i got facebook at 20. i get that. facebook said we got a way to monetize, but the idea, wow, you know what, those maps, which we know are superior, we should buy google off it? >> maybe just the people are taking money out of apple and putting it elsewher
it is not going to drive google's earnings, if you -- display ad does drive google's earnings but nothing to do with display ads, sit there and think maybe am, people will buy it, maybe not, but the idea that google is up big and apple is down big just shows you how fanciful this market can be versus the reality. makes no sense. >> google could drive a lot bigger margin if they wanted to, fascinating company, i agree. >> all the thing these give away for free they could possibly...
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Dec 13, 2012
12/12
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the google map is now available as a download from appel itunes. you can get it for free. >> and the big question was, a, was google going to make it and, b, was apple going to accept it? we were at the conference yesterday. there was a lot of discussion about that issue. >> it might be easier to list who wasn't at your conference. >> you know, you were invited to the conference. >> i was. i had something else to do. >> what did you have to do yesterday? >> wash my hair. no, i had a -- no, i would have come. i did. i had a lunch. >> it was in the city. >> no. >> you were so close, you came across the bridge? >> i also had to meet with my style team. >> okay. >> my style is lacking, apparently. >> another historic night at madison square garden and the 12-12-12 concert brought relief for hurricane sandy. the sold-out show lasted nearly six hours and was said to have reached an audience of two billion, with a b, people around the world. it was broadcast over tv, radio, internet, quite a night if you were lucky enough to have a ticket. i was actually
the google map is now available as a download from appel itunes. you can get it for free. >> and the big question was, a, was google going to make it and, b, was apple going to accept it? we were at the conference yesterday. there was a lot of discussion about that issue. >> it might be easier to list who wasn't at your conference. >> you know, you were invited to the conference. >> i was. i had something else to do. >> what did you have to do yesterday? >>...
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Dec 11, 2012
12/12
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google at 64%. that's important to note. the reason why these companies have so much cash overseas is that they've been global growth stories. when microsoft sells product overseas the proceeds go into accounts over there. don't come to the u.s. unless microsoft needs to buy something here. you can see it plays out in a company like apple, too, where international launches and international retail expansion have become far more important than the u.s. where growth is concerned. just five years ago apple had 58% of its cash in the u.s. this is actually a big issue for a company like cisco where john chambers has been very straightforward about saying if the federal government lets us repay treeuate this cash, bring it to the u.s. without a big penalty, we'll use it to hire and grow in this country. if not we'll hire less and, by the way, keep making bigger overseas acquisitions, too. all of this gets a bit dicier when you consider a lot of u.s. companies have gotten pretty good at avoiding tax on international sales by using
google at 64%. that's important to note. the reason why these companies have so much cash overseas is that they've been global growth stories. when microsoft sells product overseas the proceeds go into accounts over there. don't come to the u.s. unless microsoft needs to buy something here. you can see it plays out in a company like apple, too, where international launches and international retail expansion have become far more important than the u.s. where growth is concerned. just five years...
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Dec 10, 2012
12/12
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but google is like that. and i got you. >> and you got me and i fell for it and i should have known. >> oh, man. coming up, a live report from rome. >> i should know better. how long have i been sitting next to you? >> why europe is paying close attention to who will follow mario monti as italy's prime minister. >>> but here at home, a very big difference between president obama's first inauguration and the one being planned for next month. details when we run. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. if you're a man w
but google is like that. and i got you. >> and you got me and i fell for it and i should have known. >> oh, man. coming up, a live report from rome. >> i should know better. how long have i been sitting next to you? >> why europe is paying close attention to who will follow mario monti as italy's prime minister. >>> but here at home, a very big difference between president obama's first inauguration and the one being planned for next month. details when we run....